Financial institutions are a good prey for financial crimes in a volatile environment. As financial market remains accessible by global investors, cross-border movements of money have become increasingly common. This creates money laundering concerns for Singapore and put at stake our reputation of being a regional financial centre. International bodies such as FATF and the respective government agencies have made constant reviews and amendments to the legislation with the aim to strengthen the anti-money laundering levers across the world. Knowing Your Customer (KYC) has become a key to combat money laundering risk.

• Know the fundamentals of preventing money laundering
• Understand the reasons for imposing AML regulations
• Understand the evolvement of regulations addressing emerging money laundering threat
• Understand international (FATF) AML framework
• Understand the fundamentals of local AML regulatory framework

Module 1: Money Laundering Today

Module 2: The International AML Framework - The FATF

Module 3: Why Do We Need Anti-Money Laundering Regulations

Module 4: The Evolution of Anti-Money Laundering Regulations

Module 5: Singapore’s Anti-Money Laundering Regulatory Framework

Module 6: Impact on the Financial Industry

Assessment – MCQ